Lloyds Bank has tapped into the current enthusiasm for green bonds with its own Environmental, Social and Governance (ESG) bond. As Euromoney went to press, the UK bank issued a £250 million bond based on a defined set of eligible assets that underpin green bonds but going one step further by funding activities that deliver social benefits beyond environmental.
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| This is real – it isn’t going away. Increasingly large fund managers will have larger allocations for ethical investments James Garvey, Lloyds Bank Commercial Banking |
“There has been an upsurge in interest in responsible investing,” says James Garvey, managing director capital markets and portfolio management at Lloyds Bank Commercial Banking.
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